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the obama administration and the reporters who cover the president. >> the events this weekend made you rethink the level of transparency within the administration. >> and the fact that the president wanted to play golf with a golf pro? >> and what obama didn't want a photo op with tiger, tiger is the 1%, tiger is rich. >> and he was my partner and as i said, we won. >> this white house is the most closed white house we've ever had. i don't think the golf thing would be such a big issue except it's kind of the straw that broke the camel's back. >> i think it's safe to say, folks, obama's now spent more time with tiger woods than he has with the republican leadership. >> and he's an avid golfer and so am i. >> this white house determined the press corps so far has taken it, what they will cover and what they won't. >> the first official confirmation that anybody in this room received of that-- that the president was playing golf was from the white house press office. no reporter had any access different from the-- >> and anybody has a chance to play 18 holes with tiger woods ought to be
. >> this work is a to priority for the obama administration, for the entire administration and the dedicated men and women of the united states department of justice. >> holder said he was concerned about economic espionage and cyber attacks from people in china. he listed several cases in which chinese nationals were convicted of stealing trade or secrets. president barack obama expressed his worries last week in his state of the union. he said what he called enemies are trying to sabotage the power grid, financial institutions and air traffic control systems. obama signed a new executive order to strengthen cyber defenses. officials said last year that the number of cyber attacks targeting critical infrastructure has ren draticl dramatically. they reported 198 cases in 2011. only nine two years earlier. >>> japanese and chinese officials have not seen eye to eye over the past few months but two diplomats have found some common ground. they agreed to cooperate on the nuclear program in north korea. shinsuke met in beijing with a special envoy for korean peninsula wu dawei. north korean scientis
that bail. back to you. >>> well, the obama administration is reportedly set to unveil a new strategy to strike back against cyber espionage. this is new information that suggest china's government is behind cyber attacks. nbc's danielle leigh is live in washington with the details. danielle, good morning. what are we expecting to hear from the white house this morning? >> reporter: mara, good morning, the white house will come out with a report detailing new aggressive steps to protect u.s. trade secrets against cyber attacks. that could include fines, penalties and other trade action. 140 companies were tar feted. this kind of attack is something the department of defense and white house has been concerned about for quite some time. the china government is denying being involved in any sort of attack. >> joe biden is offering up best advice on how to defend yourself with a firearm. joe biden talked about gun roll efforts, including the size of ammunition clips and other proposals. during that chat biden said the best thing for texas is a shotgun. >> put that double-barrel shotgun an
barack obama since he took office in december. their agenda is packed and their discussions are expected to touch on everything from a wide-ranging free trade deal to punishing north korea. >> translator: i want the summit talks to show the international community that japan and the united states have restored the strong bond of their alliance. >> abe says that alliance became unstable during the former democratic party-led administration. he says he's going to talk to obama about the u.s.-led negotiations for the transpacific partnership. nations that joined the discussions for the free trade agreement are supposed to in principle eliminate all tariffs, but abe doesn't want to abide by the precondition. abe and obama are expected to share ideas on what to do about north korea. scientists in the country last week carried out their third nuclear test. they are agreed to push for a nuclear resolution imposing new sanctions on pyongyang. >>> government officials say the prime minister will tell the president that he will implement a bilateral security agreement dating back to 2006. that dea
condemnation. the u.n. security counsill pla to hold a meeting. >> on the day president obama focusing on the state of the union address he will have to divert his attention to what's going on to more provocative actions to north korea. north korea detonate ago miniature nuclear device at a test facility. the united nations confirms fox ne blast was larger than previous test 4.9 on the richter scale. he is calling it a highly provocative act. the president further states these provocations not make north korea more secure far from achieving the goal of becoming a strong and prosperous nation north korea instead increasingly isolated and i am pov rished people through the i will add vised pursuit of weapons of mass destruction and their means of delivery. >> they come on the heels of launch ing intercont nontal missile tests. they are concerned about the north's latest nuclear test. they fear the north is moving toward a weaponzation program that could threaten the international community. china which provide aid to north korea also issued a statement condemning today's testing stating
sleuthing did reveal much about their feelings regarding barack obama, president. of the many, many actually relevant items left largely off the table? not one question about drones, despite the fact the u.s. has carried out 362 drone strikes since 2004. troop suicides, of which there were as many as 349 last year alone were mentioned twice. rapes inside the military estimated at 19,000 per year got five passing mentions. while israel was brought up 166 times yesterday, afghanistan, the longest running war in american history, and one that has cost almost 2,000 american lives was brought up 20 times. glen thrush, i ask you, the hearings yesterday, were they ever even meant to be hearings, or was it a trial for the obama administration? >> i was just struck by the great positive energy that chuck hagel was giving off at these hearings. didn't he look like he had just been abduct and pushed out of a moving vehicle? >> he was facing eight hours of questioning that as we showed at the beginning, in some ways had nothing to do with what he would do as defense secretary. >> i have been to several
big surprise at the end for viewers was the first lady, michelle obama, gave out the best picture award. watch this. >> it's hard but you can't hold grudges. it's hard but you can't hold grudges. and it doesn't matter how you get knocked down in life because that's going to happen. all that matters is that you got to get up. >>gretchen: that was the best line of the night. we were supposed to hear from the first lady there. she actually was the surprise guest to announce "argo." as a winner. that line should be playing across the schools for all kids today what ben affleck just said. >>brian: he came out, he won. one of the other producers spoke first. george clooney didn't say anything. what was interesting is jack ni coleson walks out. i thought this is going to be clint eastwood-esque. then he gives it to the first lady of the united states who ends up naming the winner. >> ben affleck was referring to the fact that he was not nominated for best director's award. >>gretchen: he was not nominated at all. it was interesting to remember he started with "good will hunting." i had f
that with obama four years ago. stuart: someone who is a doctor who seeks to heal versus lawyers who want to win by fighting. that is what got a lot of people upset. stuart: the man comes from completely outside the political realm, makes one speech in the presence of the president at national prayer breakfast and suddenly america at -- we are talking about him and -- [talking over each other] charles: we are desperate because we saw a bunch of people run for political office the highest land and for over each other. liz: no one has a monopoly on debate. he is allowed to speak his mind which he did. stuart: for 25 minutes he had the president's attention. charles: my prediction tonight, the speech tonight will be a reenactment, modern update of the four freedom speech from fdr is what i am predicting. stuart: are you on the show tomorrow? charles: i don't know yet. in the one that is it. dagen mcdowell and connell mcshane. dagen: you heard that live. [talking over each other] dagen: charles -- stuart: that was good. we call you 6, this prediction. connell: i am connell mcshane. dagen: i am dagen
bank. >> and we're just hours away from president obama's state of the union address. he's expected to call on more tax hikes and fewer spending cuts. >> announcer: you're watching "worldwide exchange," bringing you bes news from around the world. >>> welcome to today's program. it is tuesday. >> yeah. >> and loreal is talking about the strong euro in france. >> right into trading down double digits this morning. another story in italy, it seems like the entire world press core at this point will be desending on trade. >> yes, they will, with the pope and the italian elections. >> i think it was something like 10,000 journalists for the pope the last time. it's a huge event. it will be four days after the italian election. >> i don't know how the bars cope, frankly, right when that's going on. >> we're going to head to the stages of hollywood, florida. the etf shows in signs of chilling down. >> and we'll get a view from the french finance minister on the strength of the euro. plus we'll get a view from seoul as firms have conducted a third nuclear test. >> and we'll be looking at l
obama's oscar dress is a little racy for iran, so they photo shopped it. during a report on the oscars, the first lady's dress suddenly had a high neckline and sleeves. mrs. obama helped announce "argo" as the winner of best picture which iranian officials also slammed as propaganda for the c.i.a. calling the oscars politically motivated. i actually like the dress on the right. i don't know what that means. >>brian: i didn't know iran had colorforms. what does iran think about the way ben affleck think about the way it was depicted? do you think it was for diplomatic reasons where they captured our hostages? do we skew that? >>steve: iran said it is basically farcical about the movie. >>brian: let's talk about the president yesterday and his comments. i cannot believe how much is going to go wrong. $85 billion, no one is going to be inspecting me. going to be an hour and a half to get on a plane. we are going to have massive defense cuts, and the national parks are going to be cutting down their hours. the president and the white house cabinet is in full force to say sequester. it is g
. >>> first lady michelle obama says she will challenge jerry brown and the rest of the nation's governors to make it easier for military members to get jobs after leaving combat. she plans to make the big announcement today after a white house meeting. mrs. obama wants states, including california, to pass legislation allowing veterans to get professionals credentials or licenses based on their military experience. 60,000 american troops are expected to come home from afghanistan by 2014 and the obama administration said they will need jobs when they get here. >>> also, last night, first lady michelle obama made a surprise appearance at the academy awards. >> and the oscar goes to -- "argo." congratulations! [ cheers ] >> "argo" won the night's top prize for best picture. that film directed by ben affect and produced by -- ben affect and produced by george clooney won. other big winners of the night at the oscars included -- jennifer lawrence for best actress in "silver lining's playbook." daniel day-lewis for "lincoln" >> coming up at 7:38. we'll bring you a live report from hollywood. >
cuts. this afternoon, members of congress are finally back on capitol hill. president obama meanwhile welcomed the nation's governors to the white house. but is anybody looking for a real compromise that will avoid the chaos scheduled to hit this friday? our search for answers begins with our national political correspondent jim acosta. what's the latest, jim? >> reporter: wolf, if anything, both sides sound like they are digging in. the white house is accusing republicans of putting schools and the health of young children at risk. meanwhile, the republicans are accusing the obama administration of trying to scare people. >> welcome, everybody. >> reporter: speaking to a meeting of the nation's governors, president obama said if congress wants to stop those forced spending cuts that start going into effect at the end of the week, lawmakers better do something about it. >> these cuts do not have to happen. congress can turn them off anytime with just a little bit of compromise. >> reporter: to get congress in the spirit of compromise, the white house is warning what's about to be cut
in the west. >>> these cuts don't have to happen. a warning from president obama earlier this morning about what looming budget cuts will mean for you if no deal is reached. he says it's everything from big flight delays to major layoffs. we're live at the white house. >>> and the first lady gets footloose. michelle obama shows off her lighter side as she busts a move with jimmy fallon. and she's proving she knows how to get a big laugh. today, saturday, february 23, to get a big laugh. today, saturday, february 23, 2013. captions paid for by nbc-universal television >>> good morning. welcome to "today" on this saturday morning. i'm lester holt. >> i'm erica hill. how about the first lady with the moves there. >> great moves. jimmy fallon -- who did we thought he looked like? >> there was discussion in the studio that jimmy fallon was looking a little tina fey-esque. >> nice to have the first lady in the building for that. >> yes. >> there's a little of the performance. it looks like they had time to rehearse this. >> the evolution of the mom dancing. >> from "pulp fiction." >>> meantime, w
carried out by china and now president obama has ordered u.s. intelligence agencies to help american companies spot and detect the hacking coming from that building in shanghai. brian ross, abc news, new york. >>> and one day after targeting burger king, hackers have taken over the twitter account of another major company. pranksters broke into jeep's page and tweeted that they had been sold to cadillac. even the virtually virus free apple has fallen victim also. a small number of mac computers ats office -- at its offices were infected. this attack at apple's new york offices was similar to one acknowledged at facebook last week. >> the more computerized world we become, this is the aftermath. this is the dirty underside of it all. the white house is going to respond to some of this, but "the new york times" said obama administration officials are planning to tell china's new leaders that the volume and sophistication of the attacks have become so intense that they threaten the fundamental relationship between washington and beijing. that could be some interesting words. again, we o
at the white house with more on that good morning. >> reporter: lester, good morning to you. president obama said he plans to have conversations with congress into next week. but it's increasingly likely the sequester will go into effect. in his weekly address today, president obama says it's up to congress to act. >> here is the thing. these cuts don't have to happen. congress can turn them off any time with just a little compromise. they can pass a balanced plan for deficit reduction. they can cut spending in a smart way and close wasteful tax loopholes for the well off and well connected. >> reporter: in an effort to pressure congress, the obama administration has been painting a dire picture what will happen if the sequester kicks in. and ray lahood warned the faa would have to furlough 47,000 employees which he argued could slow air travel. >> travelers should expect delays. flights to major cities like new york, chicago, and san francisco and others could experience delays of up to 90 minutes during peek hourpeak hours beca we have fewer controllers on staff. delays will ripple across
all over the headlines, and today the obama administration about how to combat foreign theft of trade secrets. eric holder announced a plan in washington, and it comes on the heels of a report by an american securities firm pointing the finger at china. i am joined by tom, who was a member of the commission on cyber security. the administration tiptoed over whether china was responsible for these cyber attacks. >> i think they are signaling to the rest of the world but we are more willing to not only publicly embarrass those regimes but the use hard and soft power. >> what did you say could be done to protect u.s. computer systems? >> we recommend a number of things, first to modernize authority for criminal penalties as well as to regulate statutes, to improve the way they protect data. many have taken a lackadaisical approach to securing them, over relying on things to protect themselves. >> are those vulnerable? >> every system is vulnerable. they said there are those of us who know they have been hit and those who do not know. there are only two types, and we need to understand th
and then cutting back on overtime." in washington, president obama has called a meeting with top congressional leaders for friday, the same day automatic spending cuts begin. "he hopes to have a constructive discussion to prevent sequestration." the cuts would be widespread. according to the white house, the sequester would mean 2100 fewer food inspectors, 2700 schools losing federal funding, 30,000 teacher layoffs, and more. some think it could even affect the fragile housing recovery. however, some argue that the effects of sequestration may not be as dire as the white house and others predict. air traffic controller furloughs need 30 days notice before going into effect, and the conservative nonprofit heritage foundation says educational reforms would empower states and parents. federal reserve chairman ben bernanke continues to lift the mood on wall street. in day two of his testimony, he told a congressional committee the fed intends to maintain its policy of buying bonds to keep interst rates low, similar to what he told senators tuesday. while on the hill, he also noted the uptick in th
of greece? check out the front cover of the latest addition. "we follow president obama's plan, the u.s. will be in worse shape than greece is today." it will take 25 years, maybe sooner. the federal debt is the problem. we have to make serious spending cuts now. we could be like greece. interesting. and frightening. tracy: nobody is cutting anything any time soon. what do they drink in greece? ashley: -- tracy: okay. get that out. revealing illegal immigrants would be allowed to come and become legal permanent residents. marco rubio had this to say. >> it would be dead on arrival in congress, leaving us with unsecured orders and a broken legal immigration system for years to come. no surprise. lou dobbs is here and has something to say about this. lou: i am not riled up, by the way, at all. this is entirely to be expected. the bipartisan plan, which they almost have complete. they have not been paying attention for the past four and a half years. this is a partisan issue. the republicans clamoring as best they are darling little hearts can do to catch up. they are not doing so. i am
. >>> and the first 30-year bond in years. the test of market sentiment ahead of the election. >>> and president obama uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sa
are not expecting congress to come up with an agreement. there has been a focus on what can president obama do? keystone is not the only thing we're talking about in the united states. there has been new regulation proposed. that will be where we can make an executive order happened urate also the executive opportunity does extend to keystone. the president has an opportunity there. looking at existing carbon pollution and united states, we have to tackle that. we look at keystone as future carbon emissions. the opportunity here is for the country to work on their climate target together. this should not be a finger pointing exercise. can canada and the united states meet their targets? i think canada has further to go but that can be done. >> the canadian government has said they're going to come out with regulations for the oil and gas sector. we are waiting to see what they are. if they came out with strong regulations that would meet those targets, what groups like yours say that is great? would it make any difference to the opposition to this project? >> we are interested in time a policy
the nation's security would be compromised by the sequester cuts. is that true? president obama's undersecretary of defense says prudent cuts are necessary and comparable. and we'll talk about using drone strikes to kill traitorrous citizens overseas. "the kudlow report" begins right now. >> first up president obama is starting to feel the heat. republicans are less and less likely to give in to his demand to raise taxes and they are publicly presenting a united front over impending budget cuts. that means sequester, which was obama's idea. it's going to happen. but listen to how the president attacked republicans today. >> they recognize that the sequester is a bad idea, but what they have suggested is the only way to replace it now is for us to cut social security, cut medicare and not close a single loophole, not raise any additional revenue from the wealthiest americans or corporations. >> there you go. additional revenue. joining me, robert costa. i was at the heritage foundation's seminar today for new and old congressional members. the vibe i picked up is, a, no new taxes
and president obama are a good team, that is what matters. though much worry about his policy positions one way or another because he will be a policy maker. the president's policies will go but the fact that the field that they can be a good team, to me that is the important thing. allows the president nominates somebody who is just, in my mind on qualify for something, i tend to think a leader should get to they want because we will hold him responsible for it. >> thank you, general mcchrystal. we have to stop now. [applause] thank you. >> primetime continues in a few moments with dr. fred kaplan on how the chain's u.s. military strategy from his book the insurgents. in an hour we look back at the gulf war and a collection of essays by journalists, government officials, and scholars. and jewelry year retired general mcchrystal on his memoir. several events to tell you about tomorrow. says >> the communism of china basically is communism in name only these days and preserves the power of the members of the communist party, but they basically, through -- opening the country up and now it has be
-- president obama at the white house. later that day, he discussed his economic plan which has been called abenomics. this is 45 minutes. [applause] >> thank you for coming. i am delighted to have you here. i am the president of css. i have to share with with you, this is a little story. the more important you are in washington, the worse you are treated when you come to a building. there were six elevators, you could take any one you wanted. you have to come on the trash elevator. we make you come down to reserve room. that is what it means when you are important. it is called security. we are delighted to have the prime minister here. this is an exciting time for us. we know of his leadership through the years and we are really delighted to have him here. we are excited that he can be with us today. i would especially like to say words of thanks for our colleagues. we are delighted to have you here, a senior advisor to the prime minister is here. the deputy chief and cabinet secretary. the ambassador is here, one of my bosses. i have to recognize him. a great service for america and japa
. president obama calling on congress to reach some sort of a compromise. rich edson joins us with inside the beltway news. rich: they are not even talking about friday's deadlinecoming to the white house prodding republicans to sign off on tax increases because of a budget deal to avert the automatic spending cuts. the administration's just-released a report. the sample warns more than 7000 new york children will go without vaccinations, south: will lose 100 teachers assigned to children with disabilities and more than 57,000 people will lose health on their job searches in ohio. in washington, d.c., the same old spending fight. melissa: these impacts will not all be felt on day one. but rest assured the uncertainty is already having an effect. companies are preparing layoff notices, families are preparing to cut back on expenses, and the longer these cuts are in place, the bigger the impact will become. >> what sequestration is, it is a way to cut spending. i don't agree with that, but do not cut 2.5% of the budget over a year when it is twice the size it was a year ago, give me a break
is hopeful and our journey goes forward. the state of our union is strong. >> tuesday, president obama delivering this year's address live on c-span with the preview program starting at 8:00 p.m. eastern and the president at 9:00 followed by the gop response and your reaction. tuesday night on c-span, c-span radio, and c-span.org. >> the chairman of the senate armed services committee has scheduled a vote on chuck kindle's nomination to be defense secretary. senator carl levin says he tends to look after committee discussion. senator lindsay grahm said he would hold up the nomination until they get more information from the obama administration about the benghazi consulate attack. the defense department held a farewell ceremony for outgoing defense secretary leon panetta on friday in fort myer, va.. he will remain in office until the senate confirms his successor. ♪ [applause] >> prepare for review. ♪ doodle dandy"] ♪ >> please stand for the playing of the united states's national anthem. >> present. >> present. >> present arms. >> present arms. star-spangled banner"] ♪ >> plea
, republican leaders spoke of the upcoming budget cuts, known as a sequestration. president obama is in newport news, virginia and talks about the effects of sequestration would have on them middle-class. -- on the middle class. the senate voted to confirm senator chuck hagel as the next defense secretary. the final vote was 58-41 with four republicans joining 52 democrats and two independents in voting aye. next, the 25 minute debate on the senate floor. >> it is now time for us to vote up or down on the nomination for many reasons. the nomination has been before us now inadequate time to get the information which our colleagues have asked for. there is also the looming fact of sequestration. we need to have a secretary of defense who is not only in office, but whose leadership is not in limbo, but is there. our troops need it. their families needed. our country needs it. we have 66,000 military arsenal in harms way in afghanistan. the president of afghanistan has directed the united states to remove its special operations forces from a key afghan province. our military bases key decisions abo
ronald reagan wouldn't have done these kinds of threats and creating armageddon like president obama has this particular week. he says george bush would not have done that. very interesting. i think this changed the entire equation. >>brian: listen to this tweet. watching woodward the last two days is like imagining my idol of the phillies facing live pitches again. they're saying he's washed up and crazy. there's more to this. stand by. >>steve: 13 minutes after the top of the hour on this thursday. coming up, should our government really be releasing illegal immigrants ahead of sequester? we already have. is that really a good idea? we're going to discuss that. >>gretchen: move over hallly barry, this pint-sized look-alike pint-sized look-alike stealing the scene. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. i've noticed lots of fisherman forget to latch their tackle box before they pic
. >>> president obama heads to virginia today where he'll outline the impact of the looming budget cuts. yesterday, the president met with the nation's governors asking them to pressure congress to do something. but louisiana governor bobby jindal is among top republicans accusing the president of trying to scare americans. he said instead it's time for mr. obama to show leadership. >> congress should not allow these arbitrary, sequester cuts to go through and hurt our economy, slow our recovery. there's got to be a better way. >> now is the time to cut spending. it can be done without jeopardizing the economy and critical services. >> south carolina governor nikki haley took aim at democrats and republicans saying "no one should be playing golf, no one should be taking vacations until the issue is resolved." i think probably the whole country agrees with that. let's get something done here. because again, we've seen this. we had the fiscal cliff thing at the end of the year. another issue come may with the debt ceiling. and the republicans are saying mr. president, all you're doing is scaring peo
. nemo dumped up to three feet of snow in some areas. president obama has declared connecticut a disaster area, which makes it eligible for federal aid and at least 15 deaths are blamed on the storm. travel delays are easing. amtrak says it will have limited services in new york and boston. it's not the typical story you hear about in the u.s. in february as tornados tear through mississippi. >>> three companies biggest investors have joined southeastern management's objecting to the deal. but the latest edition, 14% now say they'll vote against the buyout. as far as dell's stock is concerned in frankfurt, it is still up 2%. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >>
of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all ten s&p sectors did hit the day lower. volatility on the rise. the vix rose nearly 20% on this session. the sell-off has continued overnight. the shanghai composite, the australian markets taking it on the chin. will i sixuan joins us from singapore. >> thank you, kelly. fears of an early access by the fed rocks sentiment here in asia today. the nikkei pulls back 1.4% from its 52-month high. investors remain cautious ahead of th
does and vice versa, today and this week it hasn't been holding up quite so much. now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the
congress takes action. we will talk to president obama's right hand xhan on the economy been gene sperling. and we will talk about what action or inaction means in corporate america and the markets. among our guests today, larry bossidy. he will be our guest host today. evercore's founding partner, roger altman. >>> in the headlines this morning, royalty pharma is making an $11 a share bid to acquire elon. it hasn't received a formal response, but acknowledges it has been unsuccessful so far in its efforts to engage with the drugmaker since making that offer. shares rising this morning. take a look. also today, voluntarily recalls all lots of anemia treatment in the u.s. by royalty pharma. the drug is used to treat anemia. shares of affy defendant's exhibit madz down sharply in early trading this morning. >>> and hewlett packard announcing it's making a tablet that uses google's operating system. the hp7 will be in a similar size to the amazon fire. hp had a failed attempt back in 2011 with a device based on palm's web os software when it bought that for a nice sum -- actually, it paid way
in the sequester if the obama administartion and the congress could not strike a new deal. following the confirmation by the committee, lew could next need approval from the full senate. if confirmed, jack lew replaces tim geithner. italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010.
beyonce has admitted she's lip synced the u.s. national anthem at president obama's recent inauguration. >> it was about the president and the inauguration, and i wanted to make him and my country proud so i decided to sing along with my pre-recorded track which is very common in the music industry and i'm very proud of my performance. >> the globally acclaimed singer set things straight at a news conference addressing widespread rumors she didn't sing live. she decided to use her pre-recorded track because she didn't have time to rehearse with an orchestra. she then surprised reporters at the news conference by subtly singing the anthem. beyonce is scheduled to perform at the halftime show of the national football league super bowl on sunday. she says this time she will sing live. >>> meteorologist robert speta with me now. so, robert, we've been enjoying some nice weather here in tokyo. will this continue through the weekend? >> well, gene, we have been getting that sunshine, you're right but can't get it forever here and it does look like the rain will be starting to work its way int
nixon at 2:30 p.m. sunday. and at 7:00 p.m. rachel sworn looks at michele obama's ancestry in american tapestry. for more information on the first lady ceres visit c-span.org/firstladies. monday, booktv continues our programming with scientology, winston churchill, michele alexander on the new jim crow, max boot on guerrilla warfare, jonathan katz on haiti aide just to name a few. watch these programs and more on weekend on booktv for a complete schedule, visit booktv.org. >> if you cut demand for somebody's product per day by 50% you must have crushed prices. here is what happened. the average amount of medicare reimburses the day in a hospital has grown by 5 x since 1983. sixty% decline in the number of patients, increase in the price, we should be so lucky. i want to be in that business. there's another statistic which is entirely sort of irrelevant. hospitals tell medicare what their costs are so that medicare can compare the price they pay to hospital costs. in those 30 years that medicare increased the price by five times, hospitals reported that their costs have increased big ti
you had the commerce department -- obama administration, you had the commerce department saying we want these people in and the state department saying, no, we want to keep them out. the only person that can resolve that debate in government is the president in that case or the prime minister. obama based on understanding the economic impact of people not coming to the u.s. basically instructed the state department to make changes. >> china isn't helping itself with all of the headlines with hacking and its involvement in spying potentially. maybe all allegations. but if there's political concern from the top about opening whether for tourism or work more generally, this is maybe a difficult time to make the sell. >> it's difficult. that's always the excuse that the interior ministries come out with. we produced research last year just inside the g20 countries. if the u.k., india, china, and u.s. relax some of these visa policies, it would create another five million jobs, bring another $60 million of income into the countries. security forces and interior ministers need to do thei
obama didn't mention the sequester but says he's looking for good partners. >> to move forward on. and i'm looking for good partners. because while nobody in this room sees eye to eye on everything, we know that when we work together, democrats and republicans, north, south, east and west, we can accomplish so much more than we can on our own. >> and congress does return to work today from a week-long rece recess, attention shifting to the next budget deadline, as well. passing continuing resolution by march to keep the u.s. government running. senior aid for house speaker john boehner and harry reid have begun discussing a deal to fun operations through to september. >>> and the pentagon says the grounding of lockheed martin's jets last week won't deliver the aircraft. there was a crack on a turbine blade on a test plane. speaking from australia, the fa says that type of problem is unfortunate but normal during development and testing. lockheed stock down 1%. >>> as the number of global smartphone users has reached the 1 billion mark, there have been a number using their mobile to make
. ed atorino. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the oldest bank
to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phase. and i do think at some point in the next two to three months -- >> you don't see a correct
korea is out with another propaganda video. this one showing president obama and american troops in flames. that comes from north korea's official news agency as in previous videos, it's low budget and sloppy. but it super impose flames over images of the president and u.s. troops in uniform. the text brags about north korea's latest nuclear test and calls americans bullies who don't care about respect or equality. that's quite a line from a nation that starves its own people of the the average north korean lives in absolute poverty and $1.3 billion that country spent on its last two rocket launches, that money alone could feed the entire nation for more than a year. the latest video comes weeks after a similar clip which showed missiles attacking new york city. that was set to an instrumental version of the 1980s charity hit "we are the world." >>> today was the deadline for lance armstrong to announce whether or not he would open up to an anti-doping agency about steroids and other banned drugs in cycling. his decision could affect his future in cycling. we'll tell you what he
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